12/10/2010 @ 11:00AM

In Pictures: 8 Cities Where Home Prices Are Falling Dangerously

Cleveland

The nation’s most worrisome housing market saw prices drop a scary 3% in September alone, according to the S&P/Case-Shiller data. Like much of the rest of Ohio, Cleveland hasn’t found replacements for the manufacturing jobs lost over the past decade starting from the 2001 recession. The unemployment rate in Cuyahoga County, which includes Cleveland, was 9.2% in April. These days it’s at 9.7%.